M+ Market Wrap - 2 Aug 24

FBM KLCI: 1,611.05 pts (-13.20pts, -0.81%)

The FBM KLCI (-0.81%) ended significantly lower dragged by selling pressure in the stocks within Industrial Products & Services and Utilities segments, namely PMETAL (-22.0 sen) and YTLPOWR (-21.0 sen); in line with the weak overnight perfromance on Wall Street following the downbeat earnings from selected tech heavyweights and concerns over economic slowdown. Meanwhile, the market breadth was negative as losers outpaced gainers by 1316-to-155 stocks. On the broader market, all sectors were negative with Construction (-5.03%) declined the most.

Top 3 Active stocks:
HUBLINE (7013): RM0.100 (-3.0 sen)
VELESTO (5243): RM0.215 (-0.5 sen)

MYEG (0138): RM0.970 (-4.0 sen)

Volume: 5.17 bn (100-day avg vol: 4.69 bn)
Value: RM3.98 bn (100-day avg val: RM3.46 bn)
Market Breadth: ⬆️155 ⬇️1316
Crude palm oil: RM3,911 (+RM41)

Dow Futures: 40,295 pts (-219 pts)

**Source: Bloomberg, M+ **

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